MCS Steel Non-Voting DR MSTUF

Replacement Holding for a Great Sector?

[RonaldCalm]

I like the sector.
As a Canadian - Milestone was a great way to participate in the growth of the US real estate market with little risk. 
I also own Pure Mutifamily (RUF.u) and Morguard North American (MRG.u), which also participate in this sector. 
Would like to find alternatives, as my investement in these REITs is getting pretty high for my risk level.
Tricon - maybe.
Anything else out there to look into??. (Listed in Canada)

[retiredcf]

Tricon would be my choice and it's still very reasonably priced despite the fact that it's on a number of lists of Top Picks for 2017 (including BMO and Raymond James). GLTA

[TimeBuilder]

Grear sector currently.....You may want to look into IIP.UN....FYI: We hold full postions in IIP.UN and have seen a few of there refurbishment projects first hand. They seem to know what they are doing and just how to do them over.....Please do your own research & DD. We will look into MRG.U ...Thanks RC...TimeBuilder

[themangokid]

RUF.UN also a peer of MST.UN (although much smaller) could continue getting attention from the market. Trying to decide if I want to keep the same % of the portfolio in reits or if I want to use this opportunity to lower my % anticipating higher interest rates.

[RonaldCalm]

My concern with the sector is that it is no longer clearly undervalued. A year ago you had these US Apartment REIT's trading at 20-40% below NAV. Now they seem to all be within 10% of their NAV. Not the safety valve there any more. Increase in stock prices will now be driven primarily by the fundamentals of the REIT. I still like the space, but I thing the easy money has been made. 2 years

[RonaldCalm]

The sector I am interested in is upper end US rental buildings. I believe Interrent (IIP.u) is strictly Canada, and almost all Ontario. Not the hedge I am interested in.  Thxs anyway.

[retiredcf]

Which might take you back to Tricon which has the majority of its business in the US Sunbelt. GLTA Tricon is a principal investor and asset manager focused on the residential real estate industry in North America with approximately $3.1 billion (C$4.1 billion) of assets under management. Tricon owns, or manages on behalf of third-party investors, a portfolio of investments in

[RonaldCalm]

Yes. I have owned Tricon off and on for a couple years. The company is not a conventional REIT however. It is active in Developing property in Canada as well.  The stock does not behave similar to a conventional REIT as a result. it's volatility is unpredictable. Has underperformed for years. I own it but don't love it.

[jx7000]

Anybody ever give DRG.UN a consideration (on the TSX)?

[maypeters]

My second largest holding bought back when dividend yield was 10%+ Has had a run up but FFO should increase this year ... Doing all the right things .. Financial companies relocating employees from London to Frankfurt may also help office reits  GLTA